$369,000
439 Ala Wai Boulevard #161
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
1
Beds
·
1.0
Baths
·
702
Sq Ft
·
871
Lot
About This Property
Welcome to your Tahoe Keys getaway! This charming single-story condo features one bedroom and one bathroom, offering a cozy and comfortable retreat. Centered by a showpiece pot-belly fireplace with an open concept living space, the bedroom is split off by accordion doors to give plenty of privacy. Enjoy the convenience of a boat dock just steps away for endless summer fun on the lake. From the condo, views of the tennis courts, open space and mountains offer a mix of entertainment and tranquility. The bulkhead assessment has been paid and the Tahoe Keys POA features two pools, private beaches, hot tubs, tennis courts, a playground, security and so much more. Embrace the lake lifestyle in this wonderful condo!
Listed by Chris Hernandez — Compass
Listing Details
Status
Active
MLS #
142451
Days on Market
54
Sold Date
1800-01-01
Price/Sq Ft
$526
Property History
Jan 21, 2026
Listed for sale
$369,000
Property Overview
Beds
1
Baths
1.0
Sq. Ft.
702
Lot Size
0.02 acres
Year Built
1969
Property Type
Condominium
Subdivision
Cove South 3
APN
022271018000
Exterior & Lot
Exterior Features
Boat Dock
View
Mountains, Forest, Other/See Remarks
Construction
Wood Frame, Rock
Roof
Flat
Foundation
Slab, Wood
Utilities & Systems
Heating
Wall or Space Heater, Fireplace
Financial
HOA Fee
$4,884 / Quarterly
HOA & Community
Community Amenities
Pool, Tennis, Hot Tub, Club House, Additional Parking, Security, Beach, Dock, Pier, Boat Launch, Marina, Park
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED ANNUAL REVENUE
$142,500
($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%
Payment calculator
$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($73,800)
Home price
$369,000
Loan details
30-yr fixed, 6.5%
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